#United States #Denver #Energy Fuels #Rare Earth Elements #uranium production

Energy Fuels Exceeds Production and Sales Targets for FY-2025

Energy Fuels Inc., a prominent player in the uranium industry and a key provider of critical materials, has recently made headlines by surpassing its own projections for uranium production and sales in the fiscal year 2025.

In a remarkable turn of events, the Denver-based company announced that it produced over one million pounds of finished uranium, significantly exceeding its earlier guidance. CEO Mark S. Chalmers emphasized the importance of uranium in meeting the growing energy demands of the nation, calling it one of the cleanest and most reliable energy sources. He stated, "Strong uranium production is critical to America's economic and national security, and Energy Fuels is proud to lead the comeback of this critical domestic industry."

Production Updates

The success in production can be attributed to impressive outputs from the company's key mining operations, namely the Pinyon Plain Mine in Arizona and the La Sal Complex in Utah. Collectively, these facilities yielded over 1.6 million pounds of mined uranium in 2025, exceeding expectations by approximately 11%. Presently, mining operations are targeting an annual rate of 2.0 million pounds of recoverable uranium ore from these sites, a trend anticipated to continue through at least 2026.

Energy Fuels is not resting on its laurels and has plans for further exploration in the burgeoning Juniper Zone at the Pinyon Plain site in 2026. This exploration aims to delineate additional ore bodies, potentially expanding the mineable resources available.

Furthermore, the company’s White Mesa Mill in Utah has also achieved significant milestones, producing more than one million pounds of U3O8 (uranium oxide) throughout 2025. December alone saw over 350,000 pounds produced, with expectations of maintaining milling rates of approximately 250,000 pounds per month throughout the first half of 2026.

Sales and Future Outlook

On the sales front, Energy Fuels is set to sell approximately 360,000 pounds of U3O8 in the fourth quarter, marking a 50% increase from previous sales. The expected gross revenue for this quarter stands at about $27 million, with a sales price averaging around $74.93 per pound. The increase in production and sales revenue reflects the company’s robust position in the market.

Moreover, Energy Fuels has secured two long-term uranium sales contracts with U.S. nuclear power companies, enhancing its sales portfolio for the years 2027 to 2032. These contracts include a hybrid pricing structure that capitalizes on market conditions, ensuring the company remains agile in the face of fluctuating uranium prices.

With these new contracts, Energy Fuels anticipates completing sales totaling 780,000 to 880,000 pounds of U3O8 in 2026, in addition to further sales based on market demand. The company’s portfolio currently includes six long-term contracts ensuring a stable supply of uranium, which is set to significantly benefit from the low-cost production from the Pinyon Plain mine.

Looking ahead, Energy Fuels expects its cost of goods sold to decrease in the first quarter of 2026, thanks to the introduction of competitively priced uranium from the Pinyon Plain Mine. This positions the company well for future growth and profitability while continuing to play a pivotal role in the U.S. uranium market.

Conclusion

As Energy Fuels continues to bolster its uranium production capabilities, it also emphasizes the strategic importance of rare earth element projects and other critical materials. The firm stands committed to not only leading the uranium resurgence in the U.S. but also maintaining its reputation as a reliable supplier of essential resources that contribute to sustainable energy solutions.

For more information about Energy Fuels and its projects, visit Energy Fuels Official Website.